The Bitcoin ecosystem's decentralized finance layer ALEX has completed a $10 million strategic financing round, led by Spartan Capital

ChainCatcher news, Bitcoin ecosystem decentralized finance layer Automated Liquidity Exchange (ALEX) has completed a $10 million strategic financing, led by Spartan Capital, with participation from CMS Holdings, DACM, DWF Labs, Foresight Ventures, G-20 Group, Ouroboros Capital, Summer Capital, Cultur3 Capital, and EVG.

It is reported that ALEX is creating a Bitcoin-specific decentralized finance layer through Layer2, cross-chain bridges, oracles, and other infrastructure. ALEX plans to use the new funds to continue developing its financial layer on Stacks.